• Return to Headlines

Adobe Sys Inc Bearish Moving Average Crossover Alert (ADBE)

By Nick Russo

Adobe Sys Inc (NASDAQ:ADBE) shares have crossed bearishly below their 10-day moving average of $275.20 on a volume of 187K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Adobe Sys Inc have traded between a low of $204.95 and a high of $313.11 and are now at $270.16, which is 32% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Adobe Sys Inc and will alert subscribers who have ADBE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses adobe sys inc

Ticker(s): ADBE